The Elemon airdrop was a short-lived event back in September 2021. It’s been over for years, but understanding it gives you a clear picture of how early blockchain gaming projects tried to build communities. This article breaks down exactly what happened, what Elemon is, and where things stand today.
What was the Elemon x CoinMarketCap airdrop?
From September 24 to 28, 2021, Elemon ran a five-day airdrop campaign in partnership with CoinMarketCap. This was one of their first major promotional efforts to get people interested in their platform. Participants could claim free ELMON tokens just by completing simple tasks like following Elemon on Twitter or joining their Discord. The goal was simple: grow their user base quickly by giving away tokens to early supporters. But here’s the thing-this airdrop is completely over. No new participants can join. If you missed those five days in 2021, you won’t get tokens from this campaign now.
What is Elemon?
Elemon is a blockchain gaming platform built around digital monsters. It’s inspired by a fictional world called Elematris, where players collect, train, and battle NFT-based creatures. Unlike traditional crypto games that demand hours of daily play, Elemon calls itself an "IDLE RPG." That means you set up your monsters to earn rewards passively. You don’t need to grind constantly. Just log in occasionally to check progress. This design targets people who want gaming benefits without the time commitment. Think of it like a digital pet game where your pets earn tokens while you’re at work or sleeping.
Behind the scenes, Elemon uses NFT technology to let players truly own their monsters. These aren’t just in-game items; they’re real blockchain assets you can trade or sell. The platform also includes an IDLE RPG system where monsters automatically earn ELMON tokens through gameplay. Players can use these tokens to upgrade monsters, buy new ones, or trade them on exchanges. Elemon’s whole pitch is "simple, creative, and enjoyable" gaming with financial upside-no complex mechanics required.
Current status of ELMON token
Today, ELMON trades at about $0.000710 on CoinMarketCap and $0.000677 on Binance. That’s down over 99% from its all-time high of $3.322508 in 2021. Even worse, both exchanges show $0 in 24-hour trading volume. No one’s buying or selling ELMON right now. But CoinMarketCap still lists 37,930 holders. That means people still have the tokens, but they’re not moving. This lack of trading activity makes it impossible to buy or sell ELMON on major exchanges.
| Metric | All-Time High | Current Value (Feb 2026) | Change |
|---|---|---|---|
| Price | $3.322508 | $0.000710 (CoinMarketCap) | -99.98% |
| 24h Volume | N/A | $0 | -100% |
| Circulating Supply | 644.9 million | 644.9 million | 0% |
| Market Cap | $1.4B (estimated) | $449,840 | -99.97% |
For context, ELMON has a total supply of 2 billion tokens. Right now, about 644.9 million are in circulation. That’s roughly a third of the total. But with zero trading volume, the market cap is tiny compared to its peak. The token’s ranking on CoinMarketCap is #2571, and Binance lists it at #2577. These low rankings show how little attention ELMON gets today compared to other cryptocurrencies.
Why does this matter?
The Elemon airdrop is a perfect example of how early GameFi projects tried to grow quickly. They partnered with CoinMarketCap to get exposure, gave away tokens for free, and hoped users would stick around. But many projects like this fail to maintain interest after the initial hype. Zero trading volume is a red flag. It usually means the token isn’t listed on major exchanges anymore, or there’s no demand for it. Even though Elemon still has holders, those tokens are essentially stuck. You can’t sell them because no one’s buying.
This case teaches us a few things. First, airdrops can build a user base fast, but they don’t guarantee long-term success. Second, token value depends entirely on real-world demand. If no one wants to trade it, the price collapses. Third, GameFi projects need more than just a cool concept. They need active communities, regular updates, and clear utility for their tokens. Elemon’s current state shows what happens when those pieces fall apart.
Frequently Asked Questions
Can I still join the Elemon x CoinMarketCap airdrop?
No. The airdrop ran from September 24 to 28, 2021, and ended five years ago. There’s no way to claim ELMON tokens from this campaign today. Any website or social media post claiming to offer "current" ELMON airdrops is likely a scam.
Is ELMON still tradable on exchanges?
No. Both CoinMarketCap and Binance report $0 in 24-hour trading volume for ELMON. This means no active trading pairs exist. Even if you hold ELMON tokens in your wallet, you can’t sell them because there’s no market demand. The token is effectively illiquid.
Does Elemon still operate as a game?
It’s unclear. Elemon’s website and social media have been quiet since 2022. There are no recent updates, new features, or active community discussions. While the platform might still run in the background, there’s no evidence of ongoing development or player activity. Without token liquidity or updates, the game likely isn’t functional for new users.
Why did ELMON’s value crash so hard?
Three main reasons: First, the airdrop distributed tokens to many users, but few kept them long-term. Second, the token had no real utility beyond the initial hype. Third, zero trading volume means no market interest. When demand drops to zero, prices collapse. ELMON’s all-time high of $3.32 was likely driven by speculation, not actual use. Once the hype faded, the price crashed.
Should I buy ELMON tokens today?
Absolutely not. With $0 trading volume, there’s no way to sell ELMON if you buy it. The token has no active market, so purchasing it would be throwing money away. Even if you find a seller, there’s no guarantee you could resell it later. This isn’t a risky investment-it’s a dead asset.
Nathaniel Okubule
February 7, 2026 AT 04:00Elemon's story is a classic example of how initial hype doesn't guarantee longevity in blockchain gaming. The airdrop was a smart move to build early community, but without sustained development and real utility for the token, projects inevitably fail. It's crucial for developers to focus on creating ongoing value rather than relying on short-term promotions.
Shruti Sharma
February 8, 2026 AT 09:43lol this airdrop was a total scam from the start. they just gave away tokens to get attention and then vannished. no one cares about elemon anymore. its dead. also, why did they even bother? it was a waste of time for everyone.
Robin Ødis
February 8, 2026 AT 16:17Well, actually, you're only partially right. Elemon's failure wasn't just about lack of development; it's a perfect example of how tokenomics can be disastrous when not properly structured. The massive airdrop diluted the token supply too much, leading to a lack of scarcity. Plus, there was no real utility-just a bunch of tokens handed out for free. When the initial hype died down, there was nothing left to sustain the project. It's all about the underlying economic model, not just the game itself. You need proper token distribution and clear use cases to prevent this from happening. Many projects make the mistake of prioritizing marketing over actual product development. Without a solid foundation, even the most ambitious ideas will collapse. Elemon's team focused too much on the airdrop and not enough on creating a compelling game experience. They failed to build a community that would stick around after the initial tokens were distributed. The token's value plummeted because there was no ongoing demand. Real utility is key-without it, tokens become worthless. This is why sustainable projects invest in continuous development and user engagement. Elemon's downfall was predictable if you look at the fundamentals.
Brittany Novak
February 10, 2026 AT 03:28It's not just a scam-it's a coordinated effort to pump and dump. The airdrop was designed to create artificial demand, then the developers quietly pulled the rug. I've seen this pattern before in other projects. They used CoinMarketCap for credibility but had no real plan. This is why you must always research before investing in any project.
Brittany Coleman
February 11, 2026 AT 15:36maybe the problem was the tokens had no real use beyond speculation. without actual utility, people just held them hoping for gains. when the market cooled, there was no reason to keep them. projects need to build something people actually want to use, not just trade
laura mundy
February 12, 2026 AT 22:35elemon was always a bad idea. no one should have trusted it. the whole thing was a money grab. zero utility, zero community. just another crypto scam that's now worthless. move on
Jacque Istok
February 14, 2026 AT 14:32oh sure, because every single blockchain project is a scam. but let's be real-elemon failed because they didn't build anything useful. people don't care about tokens with no purpose. it's not rocket science
Mendy H
February 14, 2026 AT 19:22it's obvious. they lacked vision. no innovation, no community. just another project that thought airdrops were enough. pathetic
sabeer ibrahim
February 14, 2026 AT 22:08bro, this is why indian blockchain projects always fail. no proper roadmap. just hype. elemon had zero real use case. tokenomics were flawed from the start. they should've focused on building a solid game first. instead, they just pumped tokens and vanished. typical
Deeksha Sharma
February 15, 2026 AT 07:48every project has its journey. elemon's story teaches us about the importance of community and utility in blockchain gaming. while the token is now worthless, the lessons learned can help future projects succeed. it's not all doom and gloom-there's always room for improvement
Taybah Jacobs
February 17, 2026 AT 07:04While Elemon's current state is unfortunate, the experience provides valuable insights for future endeavors. Sustainable growth in blockchain gaming requires more than token incentives; it necessitates robust development, clear utility, and active community engagement. These lessons can guide new projects toward success.
Mrs. Miller
February 18, 2026 AT 00:56well said. but let's be honest-most of these projects are just chasing quick cash. elemon had a cool concept but no follow-through. it's sad but not surprising. maybe next time they'll actually build something real instead of just airdropping tokens
Paul Gariepy
February 18, 2026 AT 01:23Yes! Exactly! This is why we need to focus on real-world applications for blockchain games! Airdrops are great for initial growth, but without ongoing development and utility, the project will fail! Elemon had potential, but they didn't follow through! It's crucial to build sustainable ecosystems, not just hype! Let's learn from this!
orville matibag
February 19, 2026 AT 04:00elemon's case is a lesson in how hype doesn't equal success. blockchain gaming needs real innovation and community, not just token giveaways. it's a shame they didn't stick around to build something lasting. maybe next time they'll get it right
aryan danial
February 21, 2026 AT 00:57It's not just about the tokens-it's about the entire ecosystem! Elemon failed because they didn't understand the fundamentals of blockchain gaming! They thought airdropping tokens would be enough, but without a solid game, a dedicated community, and continuous development, the project was doomed from the start! It's a classic case of poor planning and execution! They need to learn from their mistakes!
Ryan Chandler
February 21, 2026 AT 07:41Oh my goodness! This is a perfect example of how NOT to build a blockchain game! Elemon completely missed the mark! They thought airdrops were enough to create a thriving community, but they forgot the most important part: the actual game! Without a fun, engaging experience, no one sticks around! It's a tragic story of missed potential!
Ajay Singh
February 23, 2026 AT 06:54Elemon is dead. Move on.
Oliver James Scarth
February 24, 2026 AT 02:51While Elemon's collapse is unfortunate, it underscores the necessity of rigorous due diligence in the blockchain space. Projects must prioritize substantive development over superficial marketing tactics. This serves as a stark reminder that sustainable success requires more than mere token distribution-it demands genuine innovation and community-centric strategies.